Fed dot plot: There will be a cumulative rate cut of 50 basis points in 2025, and 4 officials support no rate cuts within the year

Golden Ten Data on March 20, the Federal Reserve's dot plot shows that among the 19 officials, 4 officials believe that interest rates should not be cut in 2025 (1 in December), 4 officials believe that interest rates should be cut by 25 basis points in 2025, that is, 1 rate cut (3 in December), 9 officials believe that interest rates should be cut by 50 basis points in 2025, that is, 2 interest rate cuts (10 in December), and 2 officials believe that interest rates should be cut by 75 basis points in 2025, that is, 3 interest rate cuts (3 in December), No official thinks there should be a cumulative 100 basis point rate cut in 2025 (1 in December), and no official thinks there should be a cumulative 125 basis point cut in 2025 (1 in December).